Overview
What is Wmc Foundation Inc?
Wmc Foundation Inc, based in Madison, Wisconsin, is a nonprofit organization committed to enhancing economic and financial literacy among high school students. Their primary mission is to sponsor and conduct educational programs and seminars related to business and economics, fostering a deeper understanding of the free enterprise system and its intricacies. The foundation achieves this goal through Summer Camps and one-day "Mini" programs, offering hands-on exercises that simulate running a business and expose students to various career opportunities after high school or college. Wmc Foundation Inc is dedicated to fostering a better Wisconsin by promoting educational programs on business issues, the free enterprise system, and workforce development initiatives.
Official website here: www.wmcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Wmc Foundation Inc has received a favorable score of 82%, which indicates a solid level of accountability and financial management. The majority of its board members are independent, reflecting strong governance practices. Key areas such as material diversion of assets show no issues, and the organization has robust policies in place, including conflict of interest and whistleblower policies.
However, while the organization demonstrates a commendable commitment to accountability, its program expense ratio stands at 58.65%, which suggests that a significant portion of its funding may not be directed towards program services. This aspect may be a consideration for potential donors looking for nonprofits that allocate a higher percentage of their resources to direct impact.
Overall, the Wmc Foundation Inc's strong governance and transparency are positive attributes, but the program expense ratio indicates room for improvement in how it allocates its financial resources towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wmc Foundation Inc legitimate?
Wmc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wmc Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wmcfoundation.org
What is the mission statement of Wmc Foundation Inc?
The WMC Foundation Inc is committed to promoting a better understanding of business and economics through educational programs and seminars. Its mission is to foster a deeper appreciation of the complexities of the free enterprise system and its impact on various aspects, including workplace, employee training, and education. The foundation aims to sponsor initiatives that educate on business issues and workforce development.
One of their programs, Wisconsin Business World, targets high school students, providing economic and financial literacy education. This program, which includes summer camps and one-day mini-programs, introduces students to the intricacies of business, helping them understand the day-to-day operations of a business and the variety of career opportunities available after high school or college.
Official website here: www.wmcfoundation.org
Who is the CEO of Wmc Foundation Inc?
Kurt Bauer is the Chairman/Ceo of Wmc Foundation Inc. The CEO's salary of Wmc Foundation Inc is $0 and their total compensation is $560,171.
Official website here: www.wmcfoundation.org
What is the revenue of Wmc Foundation Inc?
Wmc Foundation Inc's revenue in 2022 was $1,130,604.
Official website here: www.wmcfoundation.org
Who are the executives of Wmc Foundation Inc and what are their salaries?
There 34 volunteers at Wmc Foundation Inc.
Here are 20 key members and their salaries (Wmc Foundation Inc's CEO's salary is $0 and their total compensation is $560,171):
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Official website here: www.wmcfoundation.org
Where can I find the form 990 for Wmc Foundation Inc?
Wmc Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmcfoundation.org
Learn more at the official website: www.wmcfoundation.org
Mission Statement of Wmc Foundation Inc
WMC Foundation Inc, a nonprofit organization, is committed to building a better Wisconsin by providing educational programs on business issues, the free enterprise system, and economics. Their mission is to foster a deeper understanding of the challenges faced by businesses and industries, as well as the principles that underpin the free market enterprise. Besides this, the foundation focuses on workforce development initiatives, aiming to equip individuals with the necessary skills to thrive in the business world.
In line with its mission, WMC Foundation Inc has introduced Wisconsin Business World, a program designed to educate high school students about economics and financial literacy. This program, which includes summer camps and one-day mini-programs, engages students in hands-on activities that simulate running a business. By the end of each program, students gain a more comprehensive understanding of the intricacies of business and are exposed to various career opportunities available post-high school or college. The program serves multiple school districts across the state, contributing to a more informed and skilled workforce in Wisconsin.
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Impact
July, 2024
The Wmc Foundation Inc has a significant impact on building a better Wisconsin by providing educational programs focused on business issues, the free enterprise system, economics, and workforce development initiatives. Through their flagship program, Wisconsin Business World, they offer high school students hands-on experiences in economic and financial literacy, teaching the importance of free-market enterprise. By hosting summer camps and one-day programs throughout the state, the foundation equips students with a better understanding of business intricacies and exposes them to various career opportunities after high school or college. Overall, Wmc Foundation Inc plays a crucial role in fostering a greater understanding of business and industry among the youth, contributing to the community's improvement and the development of future business leaders.
This information is meant to be a general summary of Wmc Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,908
- Program Service Revenue: $70,635
- Gross Receipts: $1,545,218
Assets and Liabilities:
- Total Assets: $4,176,361
- Total Liabilities: $341,811
- Net Assets: $3,834,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES, SEMINARS, AND EVENTS
Revenue
$70,635
Organization Details
Founding Year
1981
Phone
(608) 258-3400Principal Officer
Kurt Bauer
Main Address
501 E WASHINGTON AVE, MADISON, WI, 537032914
Website
www.wmcfoundation.orgNTEE Category
Code: S41 - Community improvement
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